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sohag hasan
Jul 18, 2022
In Self Help Forum
Southeast Asia is widely recognized as a huge market for the "next 1 billion online population". In addition to its favorable demographic dividend, its economy is growing rapidly and strongly, and its acceptance of overseas services is also very high. Not only the Internet and e-commerce, but also the blockchain market in Southeast Asia is full of bright prospects. Since the last CEO Sebastian --- Ionut Diaconu, INSIDE followed up with an exclusive interview with MBAex Chief Marketing Director Huang Minghui and Greater China Vice President You Fanhua to explain to us how they plan to fight for a place in this precious blue ocean. Inside MBAEX_CMO MBAex MBAex Chief Marketing Director Huang Minghui has more than ten years of rich experience in local industry Southeast Asia is hungry for blockchain From more than ten years of experience in the local industry, Huang Minghui is very clear about the constraints and difficulties faced by the financial environment in Southeast Asia. According to a 2016 study by KPMG, only 27% of the 655 million Southeast Asian households have a bank account. In addition, Southeast Shadow Making Asia also has a large number of non-local laborers, forming a huge demand for cross-border remittance. If non-local workers remit money through ordinary banks, in order to be legal in the cash flow process, they usually need to charge an unreasonable handling fee, and they also first settle the local income into US dollars, and then use the US dollars to convert them into the currency of the home country. To seven days, there will also be a 5% to 10% foreign exchange difference. This demand is the "rigid demand" that blockchain assets can play well in Southeast Asia. In addition, most governments in Southeast Asia are relatively open and friendly towards blockchain assets. Huang Minghui explained, “Most of these countries (outside Singapore) are well aware that they are in a state of development, and blockchain technology is likely to help them create a new financial environment, achieve industrial upgrading, and accelerate development.” Compared with the United States, Europe, etc. The financial market is highly developed, so the importance of financial stability is greater than that of financial innovation. In Southeast Asia, the foundation of infrastructure is relatively weak, but it is willing to be transformed by new technologies such as blockchain.
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